AUSTRALIAN VANADIUM LIMITED — Director's Dealing 2008

Dec 17, 2008

ASX Company Announcement

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Yellow Rock Resources Limited ACN: 116 221 740

35 Great Eastern Highway Rivervale WA 6103

Telephone: (08) 9361 5400 Facsimile: (08) 9361 5900 Email: info@yrr.com.au

18 December 2008

Companies Announcement Office ASX Limited 20 Bridge Street Sydney NSW 2000

Resignation of Director

The company advises that Mr Quentin Williams has resigned as a director. The Board thanks Mr William’s for his contribution during his term as a director.

An Appendix 3Z – Final Director’s Interest Notice is attached.

Yours faithfully

P J A Remta Chairman

Page 1 of 1

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	YELLOW ROCK RESOURCES LIMITED
ABN	90 116 221 740

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Quentin Williams
Date of last notice	19 June 2007
Date that director ceased to be director	18 December 2008

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

10,000 ordinary fully paid shares

10,000 options (30/11/09; 20 cents)

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestNil	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002